SkyPower Global & SoftBank Look To Share In 1 GW Indian Solar Park

A number of Indian and foreign project developers are looking to set up projects under the planned 1 GW solar park in the Indian state of Odisha.

According to media reports, interested developers include SoftBank-led SB Energy and Canada-based SkyPower Global. Among the Indian developers looking to set up projects are Azure Power, Panchvaktra Holdings, Orange Renewable, and Shapoorji Pallonji.

Last year, the government of Odisha announced plans to set up a 1 GW solar park spread over 5,000 acres of land. The state would acquire 20% of the electricity generated while the developers would be free to sell the balance in open market, which is perhaps one of the reasons for such great interest shown by these companies.

Under the public partnership model, Green Energy Development Corporation of Odisha Ltd (GEDCOL), a 100% subsidiary of Odisha Hydro Power Corporation would be the nodal agency for implementation of the solar park. GEDCOL would partner with Solar Energy Corporation of India (SECI) for the development of this park.

An auction of the projects that will form part of the solar power park will likely by conducted by the Solar Energy Corporation of India (SECI), which also recently auctioned 270 MW of solar capacity in the state.

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